Restaurant Brands International (TSE:QSR) Rating Lowered to “Hold” at Argus

Restaurant Brands International (TSE:QSR) (NYSE:QSR) was downgraded by investment analysts at Argus from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, Scotiabank raised Restaurant Brands International to a “hold” rating in a research report on Wednesday, June 18th.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at C$90.25 on Friday. The stock has a fifty day moving average price of C$92.40 and a 200 day moving average price of C$92.91. Restaurant Brands International has a 52 week low of C$83.32 and a 52 week high of C$102.37. The firm has a market capitalization of C$20.49 billion, a P/E ratio of 18.10, a PEG ratio of 2.22 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 494.65.

Insider Transactions at Restaurant Brands International

In related news, Director Vicente Tome sold 3,115 shares of Restaurant Brands International stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$99.03, for a total transaction of C$308,474.71. Also, Senior Officer Jacqueline Friesner sold 70,000 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of C$96.71, for a total value of C$6,769,728.00. Insiders sold 75,615 shares of company stock valued at $7,325,533 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations.